Boeing’s safety claims probed by SEC after panel blew off plane

The US Securities and Exchange Commission is scrutinizing statements that Boeing Co. made about its safety practices following a near-tragic January accident aboard one of its 737 Max 9 planes. The SEC investigation is focused on whether comments by the company or its executives misled investors in violation of the Wall Street regulator’s rules, according to three people with knowledge of the probe. The probe is examining statements before and after a panel blew off during an Alaska Airlines flight shortly after takeoff on Jan. 5., leaving a gaping hole in the side of the plane, said the people, who asked not to be identified discussing the confidential investigation. SEC reviews don’t always lead to enforcement actions by the regulator, but they can lead to fines for companies or corporate officials if the agency finds they made false or misleading statements. The regulator hasn’t accused the company or its officials of wrongdoing. The SEC and Boeing declined to comment. The probe adds to legal headaches for Boeing, whose stock has lost about one third of its value in 2024. US prosecutors in Seattle have already sent subpoenas seeking documents and communications from Boeing and Spirit AeroSystems Holdings Inc., which made the door plug. The supplier said earlier this week it had received information requests from the SEC. <br/>